The RICI is the Rogers International Commodities Index, being promoted by the NYX, and founded by James Rogers, Jr., which started at a value of 1000 in July 1998.
Commodities are selected based on their importance to "worldwide consumption" - commodities merely of national interest are omitted (like Azuki - red bean - futures, on TOCOM). Additionally, the index focuses on the most liquid contracts e.g. COMEX Silver, rather than silver on the Tokyo Commodity Exchange. COMEX silver trades in USD per troy ounce, versus TOCOM's yen per gram. Note that COMEX is owned by the CME Group.
Over January and February 2013, the index is moving from ICE Coffee to NYSE Coffee, similarly ICE Cocoa to NYSE Cocoa.
Beeland Management Company is an advisor to RICI (Beeland being Mr Rogers middle name).
CQG is another advisor into RICI. They provide trading into JP Morgan, Citi and Kyte.
Commodities are selected based on their importance to "worldwide consumption" - commodities merely of national interest are omitted (like Azuki - red bean - futures, on TOCOM). Additionally, the index focuses on the most liquid contracts e.g. COMEX Silver, rather than silver on the Tokyo Commodity Exchange. COMEX silver trades in USD per troy ounce, versus TOCOM's yen per gram. Note that COMEX is owned by the CME Group.
Over January and February 2013, the index is moving from ICE Coffee to NYSE Coffee, similarly ICE Cocoa to NYSE Cocoa.
Beeland Management Company is an advisor to RICI (Beeland being Mr Rogers middle name).
CQG is another advisor into RICI. They provide trading into JP Morgan, Citi and Kyte.
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